Andrx quarterly income falls, revenue declines

RuthMantell

SAN FRANCISCO (MarketWatch) -- Andrx Corp.
adrx
after Tuesday's closing bell said second-quarter net income fell as revenue declined and operating expenses rose. The Fort Lauderdale, Fla.-based pharmaceutical company said quarterly net profit was $1.44 million, or 2 cents a share, compared with $8 million, or 11 cents a share, during the same period in the prior year. Andrx said quarterly revenue fell to $254.8 million from $261.7 million in the prior year.

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